According to research from Sotrender, Barclays UK is the top bank/building society on Facebook, based on the number of fanpage likes.
Given the increased buzz surrounding social media and the transformative effect it can have on brand engagement, Datamonitor highlight what financial institutions stand to gain by making their services more sociable in this huge infographic.
Independent research company Digitial MR has released its first annual UK Banking Social Media report, in which they analysed over 200,000 customer comments about high street banks between January and December 2011.
Almost half of social media users would be at least somewhat comfortable giving their credit card information to a known brand through a secure payment process on a social media site such as Twitter or Facebook.
Here’s an infographic from the US which shows how your social media use could compromise the safety of your home.
Mashable has posted an interesting article on how Wall Street is looking to use data from social media to predict markets and ultimately influence trading decisions.
Lloyds TSB is trying to generate some social media interest with a tool to create your own avatar which could be featured in a new advert.
Moneyfacts reports the results of a survey which suggested that 43% of us buy financial services as a result of a recommendation via social networking friends.
Brett King has posted some example of banks struggling to understand and respond to social media, with HSBC, Bank Of America and ANZ the culprits.